Item for research and development time entry

OLAChristina Member Posts: 3 Novice Member

July 2024 in Reckon One

What type of sales account should an item related to R&D have?

should it be coded as a special sale account under expenses or should it be under sales and wages?

Thanks!

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Answers

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  Datarec Reckon Staff Posts: 1,386 Reckon Staff

  October 2024

  How R&D is treated may depend on the type of organisation and the nature of the R&D being tracked.

  Typically classified as expenses and not income.

  This may require a conversation with your accountant or adviser.

  https://www.investopedia.com/terms/r/research-and-development-expenses.asp

  

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